Q3 Results Make Comcast A Growth Story

Shares of Comcast Corporation (CMCSA), a communications and cable services company, have had a staggering run in the year so far, gaining almost 50% in value. The company ended the third quarter on a high as it reported growth across all major business metrics.

Comcast Corp. is a leading media and communications company involved in operating cable networks as well as broadcast networks such as NBC. Moreover, the company also provides video, internet and phone services to its residential and corporate customers. It has a market capitalization of approximately $95 billion with its shares trading near $35 on NASDAQ.

CMCSA is trading at 16 times its forward earnings, which is higher than DISH Network Corp's (DISH) 14x. Currently, 72% of sell side analysts rate the stock as a buy, none of the analysts rate it as a sell, and 25% have a hold rating for the stock. Median price target for the stock is $42 and based on the recent strong results posted by the company, coupled with its growing cash flows from all business segments, we believe it has further upside potential. This makes the stock an attractive option, especially after accounting for its dividend yield. Read more.